left column

Connect With Me:

pohl real estate on facebook twitter pohl real estate pohl real estate on linked in E-mail A Friend add this page to your favorites iphone app and qr code pohl real estate
Predefined Homes For Sale PDX Metro
Search By Map  
Listing Id Search  
Detailed Search  
Basic Search  
Luxury Homes  
New Construction  
Portland Condos  
   
Other Sections

Client Tools -- Vast resource center for those getting into or exiting the real estate market.

Relocating to Portland -- Interested in moving to Portland.

Portland Metro Statistics -- Raw Portland Real Estate market data.

PDX News Headlines -- Pohl Real Estate's news recap around Portland.

Home Search -- Every possible type of search available to you.

Housing Tips -- Useful real estate articles.

Customer Service:

We are committed to our valuable customers, if you notice anything needing corrected. Let us know here.

The 2009 Year End Recap of Portland, Oregon Real Estate Market: 

1-12-2010

Well 2009 was the year of inventory declines and continued market depreciation. Two thousand nine was the second straight year of market declines. Portland is desperately trying to get their real estate market back to normal, but it's still way too volatile. A big stat that is very telling is in December 2008 the inventory was at 14.1 while the inventory now is at 7.7%. That's almost a 50% decline year to date.

There are three main reason the inventory declined in the Portland, Oregon market. First, the inventory grew to such obscene levels in by January of 2009 that it only had one way to go, which was down. The second reason for inventory declines is that people simply stopped by houses due to economic fears and Portland's overwhelming job losses. The third main reason is that new listing were way down for the year. With double digit market depreciation people are so upside down on their houses they could not sell.

In 2008 people were in denial and finally started realizing that they could not sell their homes due to the market conditions, but in 2009 people understood this so they did not list their homes to begin with when the data didn't correspond. On top of it all those listing that never sold in 2008 were taken off the market in 2009 thus causing inventory levels to drop significantly. We are now in a more balanced market. The supply of homes still overpowers the demand a bit but we are getting close.


Back to Portland Real Estate News Archive

Share This Page With A Friend:
Add This Page To Your Reading List: Add This Page to Your Favorites

Previous Articles:
By Month

Dec-2013
Nov-2013
Oct-2013
Sept-2013
Aug-2013
July-2013
June-2013
May-2013
Apr-2013
Mar-2013
Feb-2013
Jan-2013

Dec-2012 Dec-2011
Nov-2012 Nov-2011
Oct-2012 Oct-2011
Sept-2012 Sep-2011
Aug-2012 Aug-2011
July-2012 July-2011
June-2012 June-2011
May-2012 May-2011
Apr-2012 Apr-2011
Mar-2012 Mar-2011
Feb-2012 Feb-2011
Jan-2012 Jan-2011

Dec-2009 Dec-2010
Nov-2009 Nov-2010
Oct-2009 Oct-2010
Sep-2009 Sep-2010
Aug-2009 Aug-2010
July-2009 July-2010
June-2009 May-2010
May-2009 Apr-2010
Apr-2009 Apr-2010
Mar-2009 Mar-2010
Feb-2009 Feb-2010
Jan-2009 Jan-2010

 

 

pohl real estate on facebook twitter pohl real estate pohl real estate on linked in E-mail A Friend add this page to your favorites iphone app and qr code pohl real estate